7017 NE GRAND AVE, Portland, OR 97211

$4,200,000
List Price
$4,200,000
Days on Market
49
MLS#
21657977
Property Type
Multifamily
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Northeast
Status
Active

Property Description

Amazing investment opportunity! Newer Modern luxury 12 unit apartment building in the heart of NE Portland. All units but 1 occupied! 5% CAP rate! Rare 2 & 3 bedrm units. Units boast large windows for tons of natural light, SS kitchen appliances, modern cabinets, quartz countertops, and porcelain tile backsplash. Private balcony w secure storage space attached to the patio of each unit. Secure heated bike room. Near restaurants, pubs, numerous parks, shops, public transportation and much more!

Additional Information

Tax Amount
$27,267
Year Built
2018
High School
Jefferson
Elementary School
Woodlawn
Middle School
Ockley Green
Stories
3
Subdivision
Woodlawn
Terms
Cash, Conventional
Cooling Description
Wall Unit(s)
Fuel Description
Electricity
Heating Description
Mini Split
Hot Water Description
Electricity
Exterior Description
Lap Siding
Roof Type
Other
Sewer Description
Public Sewer
Water Description
Public
Sq Ft Approximate Building Total
6804
Capitalization Rate
4.97
Operating Expenses Actual
60713
Gross Income Actual
269460
Gross Rent Multiplier
15.59
Net Income Actual
208746
Occupancy Types
Leased, Month To Month, Vacant
Number Of Units Total
12
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
1650
Unit Type One Sq Ft
1150
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
3
Unit Type Two Rent
1945
Unit Type Two Sq Ft
1310
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Beds Total
2
Unit Type Three Rent
1775
Unit Type Three Sq Ft
1023
Unit Type Three Units Total
1
Unit Type Four Baths Total
1
Unit Type Four Beds Total
2
Unit Type Four Rent
1695
Unit Type Four Sq Ft
923
Unit Type Four Units Total
3
Unit Type Five Baths Total
2
Unit Type Five Beds Total
3
Unit Type Five Rent
2100
Unit Type Five Sq Ft
1300
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Krishna Realty.

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